Sections 3

What you need to know

Sections 3

What you need to know

● What is a credit card? So you have have to pay month to month in full payment.

● Where can you use credit cards? Any where there is an ATM, an any store that take visa, master card. etc.

● What are the benefits and costs of using credit cards? you can you the card pretty much anywhere and even thought you go over drawn they give you 2 day to pay off. also you card wisely don't go over drawn to much it will cause bad credit and Try to pay in cash not always credit cards

Vocabulary

● Annual Fees : Fees that you get every month.

● Credit Limit : where you cant go over the amount you have

● Interest Rate :The rate you get when you have good credit score

● Penalty Fees :fees That you get when you don't pay for the use of that amount.

● Over-the-limit : fee you have to pay a fee for using over the limit.